BRP Inc (DOO) Given Average Rating of “Buy” by Brokerages
BRP Inc (TSE:DOO) has earned a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$44.00.
DOO has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on BRP from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, September 25th. UBS AG raised BRP from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$40.00 to C$47.00 in a research report on Saturday, September 23rd. National Bank Financial lifted their target price on BRP from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$43.00 target price on shares of BRP in a research report on Monday, August 21st. Finally, Scotiabank lifted their target price on BRP from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research report on Tuesday, September 5th.
In other BRP news, insider Sandy Scullion sold 700 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$41.00, for a total value of C$1,589,775.00. In the last three months, insiders have sold 39,675 shares of company stock worth $1,626,205.
Shares of BRP (DOO) opened at C$44.08 on Friday. BRP has a 12 month low of C$22.20 and a 12 month high of C$45.68.
BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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